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The Foreign Corrupt Practices Act (“FCPA”) prohibits U.S. companies from engaging in bribery and corruption abroad when the payments are directed at foreign government officials to gain an improper business advantage. [4] 3] What is the FCPA? American companies acquiring foreign corporations need to assess the risks carefully.
The Foreign Corrupt Practices Act goes back decades. Even if corruption is the norm in that country. Interview transcript: Tom Temin: Let’s review briefly, precisely, more than my summary said about the Foreign Corrupt Practices Act. convention against corruption. It prohibits U.S. You have a U.N.
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